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RETRACTED ARTICLE: Analyzing of innovations influence on economic growth by fuzzy system
Authors:Mladenovi?  Igor  Milovan?evi?  Milo?  Sokolov-Mladenovi?  Svetlana
Institution:1.University of Ni?, Faculty of Economics, Trg kralja Aleksandra 11, 18000, Ni?, Serbia
;2.University of Ni?, Faculty of Mechanical Engineering, Aleksandra Medvedeva 14, 18000, Ni?, Serbia
;
Abstract:

Economic growth may be developed on the basis on combination of different factors. In this investigation was analyzed the economic growth prediction based on the innovations by field of technology. Gross domestic product (GDP) was used as economic growth indicator. The method of adaptive neuro fuzzy inference system (ANFIS) was applied to the data in order to detect the influential parameters for the GDP prediction. Five inputs are considered: number of granted patents in electrical engineering, number of granted patents as instruments, number of granted patents in chemistry, number of granted patents in mechanical engineering and the number of granted patents in other fields. Results shown that the innovations in electrical engineering has the highest influence on the GDP prediction.

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